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. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint. >> please, an all star line up of fox talent including maria molina and what would new year's eve westbound out our guy? 11,000 babies will be born on new year's eve. think about that. what a great birthday. hopefully on the ground that, is not where greg gut feld will find himself tonight. happy new year to you. >> happy new year. 11,000 babies that will all look like bob beckel. scary. don't you think? >> scary. >> i'm seeing a lot of famous people. i thought i saw pierce morgan. it was a discarded lampe. my mistake. very questions i want to skt crowd. how are you doing sni want to ask you. what is confetti made out of? >> i don't know. >> it's
. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint....
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that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed t
that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the...
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is kind of a deal but no spending cuts. how does that fly? >>reporter: that is the problem. what you see are words of hope from the republican leader on the senate side how we are very close to what has to be fixed, the tax rates. he is trying to put a positive spin on that. we knew they would be fixed. the worry all along was, were we going to see a replacement for the draconian sequestration cuts everyone hated on both sides of the aisle for 17 months. here we are, in the final stretch, the 11th hour, surprise, both have given on the tax issue because neither could stand to go over the fiscal cliff, the tax cliff but
president will not go to hawaii to avoid the fiscal cliff and ever continue we get past the fiscal cliff, round two is in a couple of months when congress has to raise the debt ceiling to keep the country from default. trace? >>trace: thank you, wendell, from the white house. joining us now is columnist for the congressional newspaper "the hill." i have to go on what wendell says, if you are speaker boehner and you walk to the house of representatives members and say there is...
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they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is o
they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt....
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let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving retaliation of what is done . you have a lot of name calling. listen to what boehner said in response to senator reid. senator reid should talk less and legislate more. the house has passed legislation to avoid the entire fiscal cliff and senate democrats have not. now they are coming into the meeting and there is already acrimoney instead of reconciliation. >> part of the problem, i am sorry, the house passed two spending bills and ideas to meet the fiscal cliff and cent -- subject it to the senate. they have two over there . john boehner said let me get t
let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are looking at the numbers going what. >> kelly: in today's meeting should be a crucial meet the white house should have come with its plan and boehner should have come with a plan and senator reid should come with a plan but senator reid is name call speaker of the house john boehner giving...
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the subject is fiscal cliff update. colleagues. i appreciate your patience and know you are anxious to understand where we stand on the package. the tax piece is complete and done as of last evening at 1:45 a.m. i thought the entire deal was done. the white house called his morning asking that we also turn off the sequester. the white house has yet to the agree to the $100 beautiful various proposals i suggested but we are continuing to talk. in other words, they wanted that deal to be done. it's not. arthel: thank you so much. we are back in two minutes. arthel: a brand-new hour, we start with a fox news alert. there is just 10 hours left for law makers to resolve a debate that began with cutting our nation's debt and now threatens to raise taxes on nearly every american. brand-new hour of "america live." rick: these last-minute meetings, as we have been getting reports about significant progress. but with lawmakers still at odds over the particulars of the plan threatening to take shape. the possibility of a midnight tax hike is
the subject is fiscal cliff update. colleagues. i appreciate your patience and know you are anxious to understand where we stand on the package. the tax piece is complete and done as of last evening at 1:45 a.m. i thought the entire deal was done. the white house called his morning asking that we also turn off the sequester. the white house has yet to the agree to the $100 beautiful various proposals i suggested but we are continuing to talk. in other words, they wanted that deal to be done....
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economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollar
economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes...
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what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say famili
what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between...
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what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they s
what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between...
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she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time regaining any legitimacy or credibility after this is done one way or the other. it is true congressional republicans are faring a little worse than the president. but people are pretty fed up with the entire process. >> gregg: the president keeps saying he wants to raise taxes on the rich. but how do folks in the middle class feel about whether their taxes are going to go up? are they pessimistic? >> 49% of all voters he expect middle class taxes will go up as part of any deal to avert the fiscal cliff. there is a general expectation that over the next couple of years
she sent a text, she says, fiscal cliff issues drive me crazy! they should not get paid until it's resolved and we have a meaningful budget. none of us could run our household the way washington runs things. what do you say to that? >> you know, that's the real story here. people are looking at these kids in washington who are just messing up and can't do the basics. they're disgusted with both political parties and i think all of our political leaders are going to have a hard time...
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is officially going over the fiscal cliff. the senate at this hour has not moved the bill to the floor. until that happens, the house won't act. has signaled there will be no miscall cliff action tonight. tonight on the last "special report" of 2012, although president obama says the deal is in sight, what does it look like and will it pass either chamber? we will cover the negotiations from every angle and the the f fall-out. secretary clinton has been hospitalized because of a blood clot between her brain and skull but they are confident she will make full recovery. there is another taming report on security failures. send this back to new york and the colleagues with "the five." ♪ ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax? i
is officially going over the fiscal cliff. the senate at this hour has not moved the bill to the floor. until that happens, the house won't act. has signaled there will be no miscall cliff action tonight. tonight on the last "special report" of 2012, although president obama says the deal is in sight, what does it look like and will it pass either chamber? we will cover the negotiations from every angle and the the f fall-out. secretary clinton has been hospitalized because of a blood...
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four days until we head to the fiscal cliff. now it looks like childhood i go, you go games with neither side showing a willing nose go first. mike emanuel on where he head now. >> reporter: pessimistic tone for heading for the fiscal cliff in days. president obama and senators cut the christmas vacation short. the leader is happy to review what the president has in mind but to date they have not put forward a plan. late today, mcconnell expressed frustration. >> this is a conversation we should have had months ago. republicans aren't about to write a blank check or anything that senate democrats put forward just because we find ourselves at the essential. >> asked if he was going over the cliff, biden joked cliff? what cliff? this has been operated with a dictatorship of the speaker. not allowing the vast majority of the representatives to get what they want. they want them to return in case a deal is in the final hours. today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed
four days until we head to the fiscal cliff. now it looks like childhood i go, you go games with neither side showing a willing nose go first. mike emanuel on where he head now. >> reporter: pessimistic tone for heading for the fiscal cliff in days. president obama and senators cut the christmas vacation short. the leader is happy to review what the president has in mind but to date they have not put forward a plan. late today, mcconnell expressed frustration. >> this is a...
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monetary cliff and up' worried a foreign policy cliff and not merely the little fiscal cliff we have to deal with january 1. >> chris: panel, we have to take a break here. we we come back, our panel dusts off the crystal ball and gives us their predictions for 2013. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a sptrum 2 by lg for $49.99 for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >> chris: we a year end tradition around here to have the panel make some predictions for the new year on a range of topics but given our track records in the area i would not rush to las vegas to place any bets, folks. start with something
monetary cliff and up' worried a foreign policy cliff and not merely the little fiscal cliff we have to deal with january 1. >> chris: panel, we have to take a break here. we we come back, our panel dusts off the crystal ball and gives us their predictions for 2013. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a sptrum 2 by lg for $49.99 for their...
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he sea nice guy on the fiscal cliff. naughty, the worst man on the planet is bashar assad. 40,000 debt and thousands to come after he is driven out of office. you can't get naughtier than that. >> doug: what is his fate? >> three fates. he stays in power, unlikely, he is killed. probably by his own people if he tries to escape. or he could try to escape to a can on the, independent in the '20z. that is his strieb. tribe. it's walled off and create mini country, which is possible. on the sea, so iranians and the russians could support him. that is the least likely but would create chaos because the civil war continues forever. >> but a pariah and a marked man. >> he should be. whatever he gets he deserves. i don't think it's a good ending. >> thank you. that will do it for panel. stay tuned for really professional message from the four bears. as in bret baier's. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time relea
he sea nice guy on the fiscal cliff. naughty, the worst man on the planet is bashar assad. 40,000 debt and thousands to come after he is driven out of office. you can't get naughtier than that. >> doug: what is his fate? >> three fates. he stays in power, unlikely, he is killed. probably by his own people if he tries to escape. or he could try to escape to a can on the, independent in the '20z. that is his strieb. tribe. it's walled off and create mini country, which is possible. on...
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we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, th
we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha...
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we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status which the president wanted to raise status on will be 34635. big deep in your pockets if woo go off the fiscal cliff. >> it is so crazy . we have the holiday get together. living in new york city . it is so expensive and you are making $250,000. you are middle class here. >> clayton: if you have a family of f
we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >>...
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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so we are tumbling over the fiscal cliff for now. the question after the interview, president obama sitting down with one sunday talk show host yesterday and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite different from the civil war and slavery. >> how accountable are you for the fact that washington is not getting anything done? >> if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. >> and now, what do you think of how the media is treating the president as we muddle through this fiscal mess? >> it is a consequential time, the president has to answer tough questions about the toughest questions of our time and he sits down with "meet the press" and the president and the white house believes this is his opportunity to speak to amer
so we are tumbling over the fiscal cliff for now. the question after the interview, president obama sitting down with one sunday talk show host yesterday and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite...
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covering all things fiscal cliff. as we are ticking down to 2013 we are also ticking down to the deadline is set up by politicians here in washington. it deadline that was supposed to be so unapeeling they would not -- unappealing they would not get near the sequester and across-the-board cuts and tax hikes that would ensue, the expiration of the bush era tax cuts. here we are just about two hours away and joining me on the phone, a.b. stoddard with the hill. your take of all of this and how this s developing? >> bret, i'm not surprised that people are scrambling to try to get it done. not going to make the cliff deadline but there is an attempt by republicans and democrats to get something done before this really becomes meaningful and there is a few hours into the january 1 and 2 dates where they can still stop something severe from happening. you heard today the beginning of the spin from the republican side from senator mitch mcconnell the republican leader on the senate side saying this is is the most important t
covering all things fiscal cliff. as we are ticking down to 2013 we are also ticking down to the deadline is set up by politicians here in washington. it deadline that was supposed to be so unapeeling they would not -- unappealing they would not get near the sequester and across-the-board cuts and tax hikes that would ensue, the expiration of the bush era tax cuts. here we are just about two hours away and joining me on the phone, a.b. stoddard with the hill. your take of all of this and how...
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they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting spending. that's what republicans are doing. even more so with geithner pointing out warning us on coming up on the debt ceiling. this goes to show we have out-of-control spending and raising taxes is not going to get us out of this mess. >> if you realize most of all most americans think you are going to need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and democrats it's about 70% of americans. it's not just a one sided deal. the second thing to say is, you know, these guys a
they are embracing the fiscal cliff. we got obamaened a democrats in the conservative thunder bird ready to put the pedal to the metal on the fiscal cliff. they can raise taxes. they can cut military spending and they can blame the g.o.p. when the g.o.p. is doing the smart thing here wanted pointing the finger at the real problem, which is out of control spending. fixing this problem is not going to be easy but it's not complicated. we can't rely on raising taxes. we have to focus on cutting...
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the increasing chance we may fall off the fiscal cliff has americans worried. one in five surveyed by reuters says that's the reason they're spending less. in another survey, one in four shoppers said spontaneously that higher taxes mean smaller holiday budgets. harris, a ho-hum christmas, meaning tough times for the economy and we still have one more shopping day for christmas. the retail industry, indeed the economy may depend whether record traffic transforms into real spending. back to you. >> harris: thank you. law enforcement positions now going to ordinary citizens, not those sworn in, just ordinary citizens. we'll tell you where it's happening and how it's working out. ♪ >> in indiana a special tribute in the wake after traffic event there. and the community of richmond hill left devastated when a powerful explosion killed two people and damaged some 90 homes. we learned last week, that three people are facing murder charges for all of that. and this weekend, survivors came together and placed thousands of candles around the block where their homes on
the increasing chance we may fall off the fiscal cliff has americans worried. one in five surveyed by reuters says that's the reason they're spending less. in another survey, one in four shoppers said spontaneously that higher taxes mean smaller holiday budgets. harris, a ho-hum christmas, meaning tough times for the economy and we still have one more shopping day for christmas. the retail industry, indeed the economy may depend whether record traffic transforms into real spending. back to you....
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it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to go over some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that i
it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to...
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cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way
cliff, we will immediately face another fiscal cliff, if you will. the debt ceiling, noting that are dead is not sustainable. so portman does not sound impressed by talk of a small package to get through this initial fiscal cliff. worried about the long-term impact of our unsustainable debt. greg: our markets are taking a little bit of a head. falling on wall street, the market is on track for its fifth consecutive decline. investors feared that the fallout will have a tremendous effect on what...
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cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at it come j
cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see...
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plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less .
plan a no deal and plan b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical...
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that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast and new england. causing new trouble for post holiday travelers. an american airlines plane ended up stranded on a snow. >> tarmac in pittsburgh. just outside new york city a southwest jet got stuck in the mud after skidding off the runway. in some of the hardest hit area the roads are even worse. >> i lost count of number of cars in the ditch. a jackknifed tractor trailer and a horse trailer turned over. >> i have seen ten cars in an accident. i saw a lexus fly into the ditch. >> i wish people would slow down a little bit, you know. it is pretty slick. >> harris: the storm will
that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast...
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jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from parkinson's disease. that's why you often see him using a motorized wheelchair or scooter. he also takes medication for an irregular heartbeat and suffers from a mild form of grave's disease, which is a thyroid condition the former president had surgeries to replace both hips. his most recent operation was in 2007. jamie: we send our best wishes to the entire family. kelly: we do. jamie: a new tribute to the victims of the sandy hook school shooting. we can't do enough to let them know we care. a community far from connecticut got together to
jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from...
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up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> every time we come to a solution it was a year and a half ago in the summer right now the republicans walk away. >> don't automatically assume the president wants to cut a deal. i think he wants to wait to see if he gets blamed for it before he starts really negotiating. >> nobody can get 100 percent of what they want. this is not a contest between parties in terms of who looks good and who doesn't. >>> the real consequences to what we do. >> fox news contributor and democratic pollst
up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? re, ♪ ♪ >> this country is about to take a plunge over the fiscal cliff. who is really to blame? watcjomg this one. >> president has a decision to make. he can support these measures or be responsible for reckless spending and the largest tax hike in american history. >> the republicans in the house have decide to do rundown an alley that has no exit. >> republicans aren't about...
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gregg: congress now on holiday break while the fiscal cliff deadline looms. by the way we just got an urgent bulletin. peter barnes at the fox business network, that administration officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding talks. there are serious questions whether a compromise could be reached. lawmakerses warn no deal could plunge our economy into recession. here is senator joe lieberman. >> it's the first time i feel it is more likely we will go over the cliff than not and, if we allow that to happen it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history because of the impact it will have on almost every american. gregg: marjorie clifton, former consultant to the obama campaign and principal of clifton consulting an
gregg: congress now on holiday break while the fiscal cliff deadline looms. by the way we just got an urgent bulletin. peter barnes at the fox business network, that administration officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding...
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and the worries continue over the so-called fiscal cliff. apparently it sank our 401(k)s again for the second trading day in a row. the dow dropping 52 points today. the nasdaq fell 8 and the s&p lost 3 today was a shortened day. told the associated press that folks are starting to accept that weekend in fact plunge right off that fiscal cliff. after all we are a little more than a week away from the deadline when the spending cuts and push us back into another recession. lawmakers do plan to return to washington later this week to try to hammer out a last-minute deal. for now president obama and the first family are celebrating christmas in hawaii and that's where our ed henry is traveling with the president now live in honolulu. ed? bottom line the president is here in hawaii but might not be here for long. shortly after christmas likely to go back to washington. try and broker some sort of a deal. you remember before he left for hawaii, he announced that he wanted more of a short-term deal. sort of scaled back stop gap measure so that tha
and the worries continue over the so-called fiscal cliff. apparently it sank our 401(k)s again for the second trading day in a row. the dow dropping 52 points today. the nasdaq fell 8 and the s&p lost 3 today was a shortened day. told the associated press that folks are starting to accept that weekend in fact plunge right off that fiscal cliff. after all we are a little more than a week away from the deadline when the spending cuts and push us back into another recession. lawmakers do plan...
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it is down to the wire for fiscal cliff. and it could, i don't know, it could mean mitch mcconnell could come to the rescue. we will tell you a little bit about what went down yesterday. a live report from washington in just a moment. >> dave: super mitch. a college kid thrown in the slammer for wearing this. a fake ammo belt. overreaction or a appropriate in the wake of the connecticut school shooting? we report, you decide. then a real life iron man he was told he would never walk again but now he is first look at a new medical break through. >> juliet: love this story. >> clayton: this technology is going to shock you. "fox & friends" hour two begins right now. >> clayton: good saturday morning. welcome in to "fox & friends." juliet huddy in for alisyn camerota. nice to see you. >> juliet: good morning. nice to see you. did you have a great christmas? >> dave: did i with family. how about you? >> juliet: istles in miami. >> clayton: juliet huddy is wearing new year's eve outfit. >> as do you heading in the new year's eve
it is down to the wire for fiscal cliff. and it could, i don't know, it could mean mitch mcconnell could come to the rescue. we will tell you a little bit about what went down yesterday. a live report from washington in just a moment. >> dave: super mitch. a college kid thrown in the slammer for wearing this. a fake ammo belt. overreaction or a appropriate in the wake of the connecticut school shooting? we report, you decide. then a real life iron man he was told he would never walk again...
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[laughter] greg: there are some predictions on avoiding the fiscal cliff. while president obama has returned to washington dc to try to help lawmakers come up with a plan, how speaker john boehner says one of the groups leaders suggested that we are going over the fiscal cliff. it's all but guarantee. she progression congressional correspondent mike emanuel joins us now for. the president and the senators are in washington. that would appear to be a good sign, is that correct? reporter: yes and no. the tone publicly has not been very good so far. we know that the president obama, on the way back from hawaii, worked the phones a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell.
[laughter] greg: there are some predictions on avoiding the fiscal cliff. while president obama has returned to washington dc to try to help lawmakers come up with a plan, how speaker john boehner says one of the groups leaders suggested that we are going over the fiscal cliff. it's all but guarantee. she progression congressional correspondent mike emanuel joins us now for. the president and the senators are in washington. that would appear to be a good sign, is that correct? reporter: yes and...
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"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for ano
"special report" with all the updates to the fiscal cliff. all the coming and going, vice president biden heading to the hill, the negotiations. we're going over, folks, but we'll have it covered, fair, balanced and unafraid. >> trace: i'm trace gallagher in for shepard smith it looks like we will go over the fiscal cliff at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate...
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up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cleaning. the toothpaste actually reduces plaque. and the rinse reaches all areas and is clinically proven to help prevent plaque regrowth. crest pro-health clinical line. together, they help keep your teeth 97% as clean as a dental cleaning. crest. life opens up when you do. ♪ >> this country is about to take a plunge over the fiscal cliff. who is real
up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the...
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just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the intent of the shooter essentially to burn undo the neighborhood in which he resided and to kill people. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gregg: all right, new developments on the christmas eve ambush that left two firefighters dead up in state new york. police say they have human remains in the burned out home of the gunman. david lee miller is live in our
just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the...
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new developments in the effort to avert the fiscal cliff. coming up the policy democrats are now floating as a possible solution that they fiercely opposed during the bush administration. gregg: and the latest on a nasty winter storm over the midwest that's now on a collision course with the east coast. >> there is a small town maybe ten miles from here, love lady, and it blew the roof off of a bank into another house, that is a couple of structures. as far as i know there was a guy, he had a house maybe a mile from here and it totally took it down. [ all ] 3, 2, 1... [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protect your family with the advanced technology of adt starting at just $99 -- a savings of $300 plus 15% off accessories. but you must call before midnight january 2nd. more than a security system, adt can help let your family in from the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that eve
new developments in the effort to avert the fiscal cliff. coming up the policy democrats are now floating as a possible solution that they fiercely opposed during the bush administration. gregg: and the latest on a nasty winter storm over the midwest that's now on a collision course with the east coast. >> there is a small town maybe ten miles from here, love lady, and it blew the roof off of a bank into another house, that is a couple of structures. as far as i know there was a guy, he...
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uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and other questions from parents looking for a healthiier new year for their kids. ready to buy a home? we'll show you where to get the most of your money. top towns to buy in now. ♪ [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you
uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and other questions from parents...
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i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti mu
i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table...
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if we do go over the fiscal cliff, even if in the short time. we are already seeing taxes go up across the board. you know the 3.8% obamacare tax and an increase most likely on those that earn $400,000 or more will go up quite a bit on a percentage basis. so we are going to see a slower economy, less money in the economy, and the stock market doesn't like that because corporations won't earn as much. everybody needs to put on their seatbelt because this will last for a longtime, even going into the debt conversation that will happen in about two months from now. things are a mess, and we need to get things straight eped out quickly. >> he is the managing partner at chap wood, happy new year. we will talk again soon. >> you too. take care. >>> new details emerging about the deadly september 11th attack on our consulate in libya. what we are now learning about the changes made to the talking points about the attack. plus, an oil rig trying to get out of the path of a major storm runs aground. this is off the coast of alaska. new information on the
if we do go over the fiscal cliff, even if in the short time. we are already seeing taxes go up across the board. you know the 3.8% obamacare tax and an increase most likely on those that earn $400,000 or more will go up quite a bit on a percentage basis. so we are going to see a slower economy, less money in the economy, and the stock market doesn't like that because corporations won't earn as much. everybody needs to put on their seatbelt because this will last for a longtime, even going into...